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    13:16pm 17th July 2017

    Standard Life Investments Property Income Trust Buys Reading Office

    LONDON (Alliance News) – Standard Life Investments Property Income Trust Ltd said on Monday it has completed the purchase of a multi-let office in Reading for GBP13.2 million.

    The trust said the purchase gives an initial yield of 6.75%, noting the office is close to Reading train station and provides an opportunity for asset management.

    Shares in Standard Life Investments Property Income Trust were down 0.1% at 91.50 pence on Monday afternoon.

    By Adam Clark; adamclark@alliancenews.com

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